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Actionable news in PAAS: Pan American Silver Corp.,

Is It Getting Better For Pan American Silver?

The price of silver has bounced back in recent weeks, which boosted shares of Pan American Silver (NASDAQ:PAAS) - the stock rallied by more than 22% in the past month. But considering the outlook for silver, at least over the medium term isn't promising, the company will still need to keep down its production costs to adjust to the current prices of precious metals. And ramp up its output to meet its annual goals.

The gold and silver producer was actually able to reduce its production costs in the first half of the year relative to its annual guidance, as presented in the chart below.

Source: Coeur Mining, First Majestic Silver and Pan American Silver

And relative to its peers the company is in the middle of the pack, as presented in the chart above: Coeur Mining (NYSE:CDE) and First Majestic Silver (NYSE:AG) recorded an all-in sustaining costs per ounce of silver of $17.1 and 14.2, respectively, during the first half of the year. But since the price of silver, currently at $16, is expected...


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